@Todd Groom Hello and thank you for the offer to share your doc.

Initially, our plan was to fix the drywall leaks, clean out the property, and relist it for a small profit.

Initially, our plan was to fix the drywall leaks, clean out the property, and relist it for a small profit.

Quote from @Jacob Sherman: you can utilize no income no doc construction loans . fund 50% of the land 100% of construction upto 65% ARV .

Midnight leaking roofs, frozen pipes in the street all that.

We do not penalize people for pulling their docs out if they change their minds after submitting their docs.

Other than that, it is really a light doc loan with not many strings attached compared to a conventional mortgage.

Like lender having issues getting HOA docs and asking me instead of title or agent.

I do it myself and takes 20 to 30 minutes a month (did it yesterday for Dec), with about 7 of those minutes for 1 property in Blount County, TN which requires the form to be manually filled out, write a check, address an envelope, scan doc and check for my records and walk it to my mailbox.

In terms of maintenance, they are generally safer because you are not responsible for the exterior and common areas and potential leaks, etc.